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More banks deny jobs to loan defaulters

More banks deny jobs to loan defaulters
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The recently-released State Bank of India (SBI) clerk recruitment 2016 norms are set to take a toll on the employment prospects of more candidates as the associate banks of the public sector lender, including State Bank of Hyderabad (SBH), are expected to follow suit. 

SBH to follow SBI recruitment norms

Hyderabad: The recently-released State Bank of India (SBI) clerk recruitment 2016 norms are set to take a toll on the employment prospects of more candidates as the associate banks of the public sector lender, including State Bank of Hyderabad (SBH), are expected to follow suit.

The SBI notification reads: “Candidates with record of default in repayment of loans/credit card dues and/or against whose name, adverse report of CIBIL (Credit Information Bureau) or other external agencies are available are not eligible to apply for the post.”

This simply means that any SBI job aspirant, who had earlier availed of an education, home, personal, credit card or vehicle loan and failed to repay during the stipulated time, would not be eligible to apply for clerical posts in SBI. Nearly 15,000 candidates applied for the SBI clerical cadre jobs in April 2016.

“SBI’s associate banks also follow their parent’s recruitment norms. In all probability, all the associate banks would try to implement SBI’s recent norms,” said LV Subramaniam, general secretary of State Bank of India Officers Association. Subramaniam further said that bringing in the practice of integrity and sincerity could be one of the reasons behind designing the new recruitment norms.

Recently, Santanu Mukherjee, Managing Director of SBH, said that recruitment norms announced by SBI would also apply to SBH as well. “We have to follow the same norms across the board. However, the SBI may revisit the new norms in the wake of some objections raised,” the SBH chief said.

SBI’s new norms drew flak from various bank employees associations, which demanded a reconsideration or complete withdrawal of the same. “Borrowers of education loans should not be labeled as willful defaulters.

They would obviously repay the loans once employed,” said an office bearer of a bank employees association, requesting anonymity. Mukherjee maintained that relaxation in the new recruitment norms, if any, would only be on defaults on education loans, keeping the flagging fortunes of some government bank job seekers alive.

By K Rajani Kanth

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